Interim Management Statement

Mobeus Income & Growth 4 VCT plc (the "Company")                

                         INTERIM MANAGEMENT STATEMENT                          

                      For the quarter ended 31 March 2013                      

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Mobeus Income & Growth 4 VCT plc presents an Interim
Management Statement for the quarter ended 31 March 2013. The statement also
includes relevant financial information between the end of the period and the
date of this statement.


NET ASSET VALUE AND TOTAL RETURN PER SHARE

                                                 31 March 2013 31 December 2012
                                                                              
Net assets attributable to shareholders            £38,774,929      £33,537,271
                                                                              
Shares in issue                                     32,320,827       28,589,452
                                                                              
Net asset value per Ordinary Share                     119.97p          117.31p
                                                                              
Cumulative dividends paid per Ordinary Share            26.70p           26.70p
                                                                              
Total return per share (net asset value basis)         146.67p          144.01p
since inception                                                               


DIVIDEND

No dividends were paid during the quarter, but an interim dividend of 5.5 pence
per share (1.0 pence from income and 4.5 pence from capital) is being paid for
the eleven months ended 31 December 2012, today (10 May 2013), bringing
cumulative dividends paid to date to 32.2 pence per share.

NEW INVESTMENT

On 14 March 2013, the Company invested £1,484,302 (including £1,000,000 from
Fosse Management Limited, one of the Company's acquisition companies) to
support the MBO of Gro-Group, a market leader for baby sleep time products in
the UK and Australia.

FURTHER INVESTMENTS

In February 2013, the Company made a further investment into Fullfield (trading
as Motorclean) of £683,135, utilising the Company's existing investment in the
acquisition vehicle, Almsworthy. This investment supported Motorclean's
acquisition of Forward Valeting Services Limited, a company with a similar
business model in the UK car valeting market. As a result, the Company also
received a repayment of funds from Almsworthy of £316,865.

A further loan stock investment of £41,912 for working capital purposes was
made in March 2013 into British International Holdings Ltd.

Following the quarter-end in March 2013, the VCT has made a further investment
of £1 million, utilising £1 million from the acquisition vehicle Peddars
Management, into ATG Media Holdings, an existing investment. This was to
finance ATG's acquisition of Bidspotter, a US company providing live bidding
and auction software to industrial and commercial liquidation auctioneers.

DIVESTMENTS

In March 2013, the VCT sold part of its loan stock and its entire equity
investment in Faversham House for net proceeds of £142,742. The Company
continues to hold a loan stock investment in Faversham of £102,906. The total
of these figures, £245,648 compares with a total original cost of £346,488 and
with the 31 December 2012 valuation of £79,560.

LOAN STOCK REPAYMENTS

One repayment of £18,214 was received from Tessella, an investment that was
made in July 2012.

MOBEUS VCT's - LINKED OFFER FOR SUBSCRIPTION

The Linked Offer for Subscription with two other Mobeus advised VCTs launched
on 29 November 2013 and closed on 30 April 2013. It raised total gross proceeds
of £24.85 million with each company raising £8.28 million. 

The Company has issued and allotted 6,951,240 new Ordinary Shares of 1p each in
total. 1,643,474 were allotted at a price of 120.1 pence per share, 5,066,036
at a price of 121.3 pence per share, 89,900 at a price of 124.2 pence per share
and 151,830 at a price of 115.6 pence per share.

ENHANCED BUYBACK FACILITY

The Company launched an Enhanced Buyback Facility on 24 January 2013, which
closed on 25 March 2013. Applications were received for both the 2012/2013 and
2013/2014 tax years. In total 5,902,280 ordinary shares of 1.0 pence each
("Shares") were purchased at a price of 117.3 pence per share and 5,721,589 new
Shares at 121.0 pence per share were allotted and issued pursuant to the
Enhanced Buyback Facility.

SHARE BUY-BACKS

The Company bought back 219,000 of its own Ordinary Shares at an average price
of 102.125 pence per share on 28 March 2013, representing an average discount
of 10.3% to latest published net asset value per share on the date of purchase.
There were 35,169,862 Ordinary Shares in issue at the date of this
announcement.

For further information, please contact:

Robert Brittain, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600.